The bitcoin miner reported a net loss in the quarter of 16 cents per share, while analysts were expecting a gain of 35 cents per share. Nov 16, 2021 at 2:11 p.m. UTCUpdated Nov 16, 2021 at 2:16 p.m. UTCA close-up of one of Riot's mining rigs (Riot Blockchain) Source link … [Read more...] about Riot Blockchain Drops After Missing Q3 Revenue, Earnings Estimates
Estimates
Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
As for its outlook, Coinbase said that “while we entered Q3 with softer crypto market conditions, driven by low volatility and declining crypto asset prices, market conditions improved meaningfully later in the quarter which we have continued to see into early Q4.” Source link … [Read more...] about Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. Source link … [Read more...] about PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short